Watch: ED seizes Rs 26 crore assets of Sanjay Bhandari

The Enforcement Directorate (ED) today said it has seized assets worth Rs 26.61 of controversial arms dealer Sanjay Bhandari and others for alleged violation of the FEMA law. It said it has seized the properties "in lieu of undisclosed assets held abroad by him" and the action has been carried out under section 37A of the Foreign Exchange Management Act (FEMA).